GIC daily analysis of USDJPY September 10, 2021 will discuss the movement of the USDJPY pair which is in a downward correction phase in trading this weekend. When the USDJPY analysis article today September 10, 2021 was written, the USDJPY pair was at the level of 109.91. USDJPY had previously strengthened since the beginning of this week. However, at the end of this week, the USDJPY pair corrected down quite sharply.This is due to several factors, including the correction of the decline in the USD index and also the improvement in Japanese economic data. The USD index had previously strengthened to the level of 92.8 but towards the end of the week the USD index was depressed to drop to the level of 92.3, besides that Japan's GDP level data also increased from 0.3% to 0.5%, and Japan's annual GDP data was also recorded to increase rapidly from the previous level of minus -1.3% now at a positive level of 7.6%. With the correction of the decline of the USD index and the improvement of Japanese economic data, it can certainly bring the USDJPY pair to move down again in this week's trading.

How is USDJPY Technical Analysis?

The movement of the Yen is predicted to continue to weaken or bullish towards the levels of R1, R2 and even R3, but if it cannot continue its weakness, it will return to the Pivot level or it may move to the level of S1, S2 and even S3, for details can be seen below.
  • The pivot point is at 109.871
  • Resistance 1 = 110,126
  • Resistance 2 = 110,521
  • Resistance 3 = 110,776
  • Support 1 = 109,476
  • Support 2 = 109,221
  • Support 3 = 108,826
  • Indication: Downward Correction
  • Strategy: Sell at 110.100
  • Take Profit: 109.450 - 109.00
  • Resistant: 110.500
  • Stop Loss: 110:700
This the daily analysis of USDJPY September 10, 2021. Still confused about looking for information about forex, you can read the article in the GIC Journal. In the journal GIC, you can read forex-related articles such as "9 List of Fraudulent Forex Brokers in Indonesia According to Regulators". In addition to providing articles about forex, GIC also provides live trading facilities with expert traders at the NFP Live Trading event where you can directly follow face-to-face, learn and follow the trading of resource persons. GIC also provides a trading education platform for traders for beginners and professionals so that traders are more proficient in profit. This education can be in the form of webinars, e-books, or videos. There are many classes that you can take for free if you become a trader at GIC. Let's take a peek at Forex Academy!